High Limit Credit Cards

What are the most suitable high limit credit cards in the UK, in 2021? Can you get a credit card with a £20,000 limit in the UK? Is there a maximum credit card limit in the UK?

High limit credit cards are very often defined as those 0% credit cards, which offer new customers, a higher credit limit.

Many UK customers, when they first apply for their new credit card, would like to get an initial high credit limit.

Customers are usually looking for credit cards with high limits, for one of the following two reasons:-

• You have a large outstanding balance on your current credit card. As a result, you would like to make a balance transfer to a new credit card. This will allow you to benefit from any 0% introductory offer on balance transfers.
• You would like to make one, or more, higher value purchases, using this new credit card. This will allow you to benefit from any 0% introductory offer on purchases.

In both of the above cases, the credit card customer will need to be given a higher credit card limit. A large credit card limit allows a customer to make a larger purchase with their card. Alternatively, they could make a bigger balance transfer using their card.

Highest Credit Card Limit UK

Many customers are looking for a new 0% credit card with the highest credit card limit in the UK. Customers are more likely to be successful in obtaining these UK high limit credit cards if they have:-

• An excellent credit history
• No recent bad debt problems
• No recent missed or late payments
• A low level of overall debt, excluding any mortgage they may have
• An annual income of around £20,000 or more

Many of the banks and credit card companies will look for a customer to meet all of the above criteria, before providing high credit limit credit cards to new customers.

There are around 60 UK 0% credit cards currently available online. What are the most suitable cards for customers looking for high limit credit cards in UK?

The credit card companies have generally tended to be more cautious with their lending, ever since the banking crisis, back in 2008. This has meant that, for many customers, initial credit card limits have tended to be lower, than in the years before the banking crisis began.

With the current Coronavirus crisis, the credit card companies are in general, now more cautious with their lending. The card acceptance rates for customers, as well as credit limits, are now both likely to be lower. Additional 0% credit card offers for existing customers are also likely to be greatly reduced in numbers.

However, we have often seen that some credit card companies can still be more generous with their credit limits, than certain other card companies.

All of the following featured credit cards, in our experience, are most likely to be suitable for customers looking for UK high limit credit cards:-

0% Credit Card Offers

M&S Transfer Plus*

Balance Transfers:

0% for 29 months

Balance Transfer Fee:

2.75%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

More Information >

Credit Card Details

M&S Transfer Plus*

• 0% for 29 months on balance transfers made within 90 days of account opening
• 2.75% balance transfer fee, minimum £5
• 0% on purchases for 3 months from account opening
• Collect M&S points every time you shop anywhere in the world with your card
• One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
• Manage account online
• Annual Fee: None

More Information >

Application Criteria

M&S Transfer Plus*

• You are a UK resident
• You have an annual income or pension of at least £6,800
• You are aged 18 or over
• You have not held a credit card with M&S Bank within the previous 12 months

More Information >

0% Credit Card Offers

HSBC Balance Transfer*

Balance Transfers:

0% for 29 months

Balance Transfer Fee:

2.75%

Purchases:

0% for 3 months

Representative APR:

21.9% APR (variable)

More Information >

Credit Card Details

HSBC Balance Transfer*

• 0% interest for 29 months on balance transfers made within first 60 days of account opening
• 2.75% balance transfer fee applies (minimum £5)
• 0% interest on purchases for 3 months from account opening
• At end of promotional period, balance transfers and purchases will revert to standard variable rate
• Worldwide offers and discounts with HSBC home&Away
• Manage your card online
• Annual Fee: None

More Information >

Application Criteria

HSBC Balance Transfer*

• You have an annual income or pension before tax of £6,800 or more
• You are a UK resident
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

More Information >

0% Credit Card Offers

M&S Shopping Plus*

Balance Transfers:

0% for 22 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 22 months

Representative APR:

21.9% APR (variable)

More Information >

Credit Card Details

M&S Shopping Plus*

• 0% for 22 months on balance transfers made within 90 days of account opening
• 2.9% balance transfer fee, minimum £5
• 0% on purchases for 22 months from account opening
• Collect M&S points every time you shop anywhere in the world with your card
• One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
• Manage account online
• Annual Fee: None

More Information >

Application Criteria

M&S Shopping Plus*

• You are a UK resident
• You have an annual income or pension of at least £6,800
• You are aged 18 or over
• You have not held a credit card with M&S Bank within the previous 12 months

More Information >

0% Credit Card Offers

Co-operative Bank Balance Transfer

Balance Transfers:

0% for 24 months

Balance Transfer Fee:

3%

Purchases:

0% for 4 months

Representative APR:

20.6% APR (variable)

More Information >

Credit Card Details

Co-operative Bank Balance Transfer

• 0% interest for 24 months for balance transfers made within 60 days
• 3% balance transfer fee, minimum £5
• 0% interest on purchases for 4 months from account opening
• All successful applicants will receive this exact rate and offer
• Online account management
• Annual Fee: None

More Information >

Application Criteria

Co-operative Bank Balance Transfer

• Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
• You are a UK resident
• You have annual income of £10,000 or more
• You are aged 18 or over

More Information >

0% Credit Card Offers

HSBC Purchase Plus*

Balance Transfers:

0% for 18 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 18 months

Representative APR:

22.9% APR (variable)

More Information >

Credit Card Details

HSBC Purchase Plus*

• 0% interest for 18 months on balance transfers made within first 60 days of account opening
• 2.9% balance transfer fee applies (minimum £5)
• 0% interest on purchases for 18 months from account opening
• At end of promotional period, balance transfers and purchases will revert to standard variable rate
• Worldwide offers and discounts with HSBC home&Away
• Manage your card online
• Annual Fee: None

More Information >

Application Criteria

HSBC Purchase Plus*

• You have an annual income or pension before tax of £6,800 or more
• You are a UK resident
• You are aged 18 or over
• You do not hold an HSBC Basic bank account

More Information >

Credit Cards With High Limits

Customers are more likely to be accepted for any of the above high credit limit credit cards when they can successfully meet all of the application criteria that the credit card company is looking for.

Are you a customer looking to apply for any of the highest credit card limit cards? Then, it is important that you take extra care with the online application forms.

Any mistakes that you make on the application form, are more likely to lead to your application being declined. This failure, may then in turn further reduce your prospects of successfully applying for other 0% credit cards with high limits.

Most 0% credit cards in the UK, including the Marks and Spencer credit card, for example are currently issued as MasterCard credit cards. There are fewer cards issued as Visa credit cards in the UK.

High limit credit cards, for example a credit card with a £5000 limit or higher, are available as both Visa and MasterCard issued credit cards. The choice of payment network makes no difference to the credit limit.

The above UK featured credit cards are higher limit cards which do not charge a customer any annual fee.

Maximum Credit Card Limit UK?

Is there a maximum credit card limit in the UK? If so, does this restricts the size of the credit limit a customer will be given?

We often see customers looking for answers about the highest credit card card limit you can get in the UK. In theory, there is no maximum credit card limit in the UK.

If you already have a number of credit cards with high limits, then this may reduce the maximum credit card limit you can obtain on any new UK card. The credit card companies are wary of any one individual having too much credit available to them, in relation to their overall income.

Credit cards with high limits are not as common in the UK credit card market, as they once were. However, they do still happen. We have seen people given a credit card with a £10000 limit when applying for a new credit card.

So can you get a credit card with a £20,000 limit in the UK? Well it is possible, however only for a very small number of customers. These customers would generally, have very high annual incomes. However a large credit card limit like this, is usually quite rare in today’s market.

The average credit card limit for one of the largest UK credit card company’s is currently, a rather lower figure of just £4000.

Your actual credit limit is decided by the credit card company. The limit is based only on their lending criteria and the information provided by you on the application form. This is then combined with the information held, by a credit reference agency.

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